Are there any know calculation issues in TurboTax 2023 online for K-1s? I received a delayed K-1 and am trying to file an amended return. I was an active partner and the K-1 assigns me a loss but TurboTax is saying that I am going to owe money. The new K-1 is the only new information i'm adding to my tax return.
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Income from the K1 might have reduced one or more of your credits. Was there other income on the K1?
There was interest income and short-term capital gain but like I mentioned overall I was assigned roughly a $500 loss.
Was there material participation? You said "active". What about interest and STCG? Those are both taxed at ordinary income tax rates.
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